The increase in corona virus cases has triggered speculation about the withdrawal of the emergency brake (Large-Scale Social Restrictions / Total PSBB) in DKI Jakarta. A number of market players are concerned that the policy will affect the domestic economic recovery process. This triggered profit taking on the stock market, and investors are interested in safe havens such as SUN. Yield on benchmark SUN closed lower, with the FR0082 and FR0087 posting the deepest losses compared to the short and long tenors. Meanwhile, other positive commitments from US stimulus and the post-Brexit trade agreement between the UK and EU also made investors interested in SUN. For the record, Trump finally signed a stimulus package worth USD 900 billion, including direct cash assistance of USD 600 to US citizens last Monday.
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